Question

24. In the year 2000 several 1st year business students formed an investment group as part of a class assignment. The graph above shows the growth of their investment portfolio over the past several years.(Note: t=0 is the year 2000)

a) Determine the average rate of growth of their investments between 2001 and 2004. b) Determine the average rate of growth of their investments between 2004 and 2007. c) Compare and contrast the answers from a) and b). d) On the graph, draw and use the appropriate line to determine the rate of growth of their investments in2004. (4 marks)

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